Nanjing Red Sun Co.,Ltd. Posted 727.2 Million Yuan Net Profit in 2022

Nanjing Red Sun Co.,Ltd. (南京红太阳股份有限公司) (000525.SZ) reported a net profit of 727.2 million yuan in 2022, reversing a net loss of 3.8 billion yuan for the previous year.

Meanwhile, the company posted 6.4 billion yuan in revenue, up 37.5% year-on-year.

At the end of the reporting period, it had 10.3 billion yuan in total assets and 8.9 billion yuan in total liabilities, with a liability-to-asset ratio of 86.4%.